KVHI Form 4: Director David Kagan receives 18,728 restricted shares

Rhea-AI Filing Summary

David B. Kagan, a director of KVH Industries, Inc. (KVHI), received a restricted stock grant of 18,728 shares on 08/21/2025 as board compensation. The grant was recorded at a $0 price and increases Mr. Kagan's reported beneficial ownership to 60,392 shares. The restricted shares vest in four installments on 11/21/2025, 02/21/2026, 05/21/2026 and 08/21/2026, each contingent on Mr. Kagan remaining a KVH board member.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation via restricted stock; aligns director with shareholder interests without immediate cash outlay.

The Form 4 discloses a non-cash restricted stock grant of 18,728 shares to a sitting director, bringing reported beneficial ownership to 60,392 shares. Vesting across four scheduled dates conditions retention of board service, which is a common governance practice to promote continuity and alignment with long-term shareholder value. The grant was reported at $0, indicating it is compensatory rather than a market purchase. This filing appears procedural and not indicative of unusual insider behavior.

Securities Compliance Analyst

TL;DR: Disclosure complies with Section 16 timing; transaction coded as routine grant with specified vesting dates.

The Form 4 identifies the transaction date of 08/21/2025 and was signed on 08/25/2025. The transaction code J(1) denotes a grant or award to a reporting person, and the filing shows the required vesting schedule. All required elements for a Section 16 disclosure are present: reporting person details, security title, number of shares, post-transaction ownership, and the nature and schedule of the restriction. No derivative transactions or dispositions are reported.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kagan David B.

(Last) (First) (Middle)

75 ENTERPRISE CENTER

(Street)

MIDDLETOWN RI 02842

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KVH INDUSTRIES INC \DE\ [ KVHI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/21/2025		J(1)		18,728	A	$0	60,392	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock grant for continued participation on KVH's board of directors (including various committee positions) issued pursuant to the terms & conditions of KVH Industries' amended and restated 2016 Equity & Incentive Plan. Restricted stock will vest in four installments on each of 11/21/2025, 2/21/2026, 5/21/2026, 8/21/2026, provided Mr. Kagan is still a board member of KVH Industries, Inc.

	David Kagan	08/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did KVHI director David B. Kagan receive on 08/21/2025?

He received a restricted stock grant of 18,728 shares reported at a $0 price on 08/21/2025.

How many KVHI shares does David B. Kagan beneficially own after the grant?

Following the reported transaction, Mr. Kagan beneficially owns 60,392 shares of KVH Industries, Inc.

When do the restricted KVHI shares vest for David B. Kagan?

The restricted shares vest in four installments on 11/21/2025, 02/21/2026, 05/21/2026, and 08/21/2026, subject to continued board service.

What does the transaction code J(1) indicate on the Form 4?

The code J(1) indicates a grant or award of non-derivative securities to a reporting person, consistent with compensatory restricted stock.

Was any cash consideration paid for the restricted stock reported on this Form 4?

No cash was reported; the price is $0, indicating a compensatory restricted stock grant.